Global Stocks: U.S. indices add gains, Nikkei rallies, Chinese stocks lose
U.S. markets closed higher on Monday despite the win of Syriza, the anti-austerity party, in Greek elections as investors deemed a new crisis in the Eurozone less probable and energy stocks added gains. The DOW JONES index added +0.03%, closing at 17,678.70. The S&P 500 gained +0.26% with a final quote of 2,057.09 points. Trading volume was light with many traders leaving early due to the announced massive snow-storm.
Chinese stock markets declined on Tuesday with financial and property shares losing the most o concerns of a slowdown in economic growth. Hong Kong's Hang Seng is trading -0.57% at 24,782.27 points. China's Shanghai Composite closed at 3,354.36 points -0.85%.
Japan's Nikkei rose on Tuesday to one-month highs, closing +1.72% with a final quote of 17,768.30. Machinery makers and financials were among the top performers. Market participants were relieved that the result of the Greek elections did not impact European stock markets as much as anticipated.
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- Bundesbank: German growth to remain subdued at least in first half of 2019
- EU will react swiftly if U.S. hits it with car tariffs - European Commission
- Unemployment in the UK remained at 4%, as expected
- Bank of Japan Governor Kuroda: BOJ policy does not have currency manipulation as its target